Ethereum

bullish

Rally

Bitcoin

Ripple (XRP) price continues to withstand <a href="https://coingape.com/markets/xrp-price-move-to-1-feasible-but-only-if-this-happens/">selling pressure</a> over the past few weeks, holding its ground. As a result, the remittance token has left the likes of Bitcoin (ETH) and Ethereum (ETH) in the dust. This development is likely to continue in the coming weeks due to Bitcoin <a href="https://coingape.com/markets/top-3-bitcoin-ethereum-xrp-price-prediction-fed-rate-cut-could-ignite-btc-next-rally/">bulls’ strength</a>. Therefore, investors should expect the XRP price to trend higher on the daily time frame and catalyze a quick rally if it can overcome key levels. 
<h2 id="xrp-price-news-ripple-outshines-top-coins-will-uptrend-continue">XRP Price &amp; News: Ripple Outshines Top Coins, Will Uptrend Continue?</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">XRP price has rallied nearly 26% in the past seven weeks, while Bitcoin price is down -4.75%. Ethereum, on the other hand, has shed -24.37% in the same period and is the worst performer in the bunch. The bullish outlook for XRP results from the SEC vs. Ripple lawsuit victory in the defendant’s favor.&nbsp;</li> 
</ul> 
<figure id="attachment_213365" aria-describedby="caption-attachment-213365" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-213365" src="https://coingape.com/wp-content/uploads/2024/08/XRP-price-Outperforms-Bitcoin-Ethereum-price.jpeg" alt="XRP Price vs Bitcoin price vs Ethereum price" width="1280" height="682" srcset="https://coingape.com/wp-content/uploads/2024/08/XRP-price-Outperforms-Bitcoin-Ethereum-price.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/08/XRP-price-Outperforms-Bitcoin-Ethereum-price-300x160.jpeg 300w, https://coingape.com/wp-content/uploads/2024/08/XRP-price-Outperforms-Bitcoin-Ethereum-price-1224x652.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/08/XRP-price-Outperforms-Bitcoin-Ethereum-price-768x409.jpeg 768w, https://coingape.com/wp-content/uploads/2024/08/XRP-price-Outperforms-Bitcoin-Ethereum-price-150x80.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-213365" class="wp-caption-text">
 XRP vs Bitcoin vs Ethereum price performance
 </figcaption>
</figure> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">While the above point is bullish, investors also need to consider that the stablecoin supply held on exchanges is climbing nonstop, according to <a rel="nofollow" href="https://app.santiment.net/">Santiment data</a>. This capital is likely to flow to the altcoins that have strong performance or show signs of potential reward. So, investors can expect XRP to be one of these cryptos.&nbsp;</li> 
</ul> 
<img decoding="async" width="3840" height="1300" class="size-full wp-image-213362" src="https://coingape.com/wp-content/uploads/2024/08/XRP-Ledger-XRP-14.12.13-21-Aug-2024.png" alt="<yoastmark class=" srcset="https://coingape.com/wp-content/uploads/2024/08/XRP-Ledger-XRP-14.12.13-21-Aug-2024.png 3840w, https://coingape.com/wp-content/uploads/2024/08/XRP-Ledger-XRP-14.12.13-21-Aug-2024-300x102.png 300w, https://coingape.com/wp-content/uploads/2024/08/XRP-Ledger-XRP-14.12.13-21-Aug-2024-1224x414.png 1224w, https://coingape.com/wp-content/uploads/2024/08/XRP-Ledger-XRP-14.12.13-21-Aug-2024-768x260.png 768w, https://coingape.com/wp-content/uploads/2024/08/XRP-Ledger-XRP-14.12.13-21-Aug-2024-1536x520.png 1536w, https://coingape.com/wp-content/uploads/2024/08/XRP-Ledger-XRP-14.12.13-21-Aug-2024-2048x693.png 2048w, https://coingape.com/wp-content/uploads/2024/08/XRP-Ledger-XRP-14.12.13-21-Aug-2024-150x51.png 150w" sizes="(max-width: 3840px) 100vw, 3840px"> 
<h2 id="ripple-price-analysis-xrp-bulls-plan-their-next-move">Ripple Price Analysis: XRP Bulls Plan Their Next Move</h2> 
XRP price recently bounced off the yearly Volume Weighted Average Price (VWAP) at $0.560, triggering a near-10% rally. But XRP, the remittance token, is still stuck between $0.556 and $0.626 daily resistance levels. Fortunately for Ripple bulls, the demand zone, extending from $0.550 to $0.584, is there to support any incoming pullbacks.&nbsp; 
Under neutral-to-bullish market conditions, a retest of this demand area will most likely be met with a buying pressure spike that could provide <a href="https://coingape.com/price/xrp/">Ripple price</a> with the momentum to overcome the $0.626 hurdle. Flipping this key resistance level will open the path for Ripple bulls to catalyze a rally to $0.716. The retest of the $0.716 hurdle would signal a 25% rally for the remittance token. 
This level has been a critical blockade since August 2023 and has resulted in three rejections. So, investors must be careful around $0.716 and consider booking profits.&nbsp; 
<figure id="attachment_213363" aria-describedby="caption-attachment-213363" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-213363" src="https://coingape.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-21_14-27-47.png" alt="XRP price 1-day chart" width="2786" height="1485" srcset="https://coingape.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-21_14-27-47.png 2786w, https://coingape.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-21_14-27-47-300x160.png 300w, https://coingape.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-21_14-27-47-1224x652.png 1224w, https://coingape.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-21_14-27-47-768x409.png 768w, https://coingape.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-21_14-27-47-1536x819.png 1536w, https://coingape.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-21_14-27-47-2048x1092.png 2048w, https://coingape.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-21_14-27-47-150x80.png 150w" sizes="(max-width: 2786px) 100vw, 2786px">
 <figcaption id="caption-attachment-213363" class="wp-caption-text">
 XRP price 1-day chart
 </figcaption>
</figure> 
On the other hand, if XRP price fails to overcome $0.626, it would signal a lack of buyer interest. Such a development could result in a retracement to $0.550 to $0.584 demand zone. A breakdown of this support area will invalidate the bullish thesis.&nbsp; 
This development could induce a 9% crash in XRP price to the yearly VWAP’s lower band at $0.501. 
The post <a href="https://coingape.com/markets/xrp-price-prediction-ripple-outperforms-bitcoin-ethereum-eyes-25-rally/">XRP Price Prediction: Ripple Leads Crypto Pack, 25% Surge Imminent</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

XRP Price Prediction: Ripple Leads Crypto Pack, 25% Surge Imminent

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